Associated British Ports (ABP) is in discussions over two corporate loans totalling £125m ($202m).

Part of the funding would be used for the redevelopment of the Alexandra Dock at the Port of Hull “to provide a site for an offshore wind turbine manufacturing facility with riverside berth and storage areas for turbine components”, says ABP.

The port has been earmarked by Siemens as the site for a new wind turbine assembly plant.

Rechargerevealed earlier this month that the German industrial giant had delayed a final investment decision on the factory plan from this year to early 2013.

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